Question

Please post the answer in the TVM Calculation format. Looking for the N, I/YR, PV, PMT, and FV numbers specifically.

Future Value of Annuity Due 19. After consulting with your financial advisor, you figured that you need to invest $10,000 per

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Answer #1

19)

Take BAII plus and do as shown below:

Step 1 Press 2ND
Step 2 Press PMT
Step 3 Press 2ND
Step 4 Press ENTER
Step 5 Press 2ND
Step 6 Press CPT
Step 7 Enter 0
Step 8 Press PV
Step 9 Enter 8
Step 10 Press I/Y
Step 11 Enter -10000
Step 12 Press PMT
Step 13 Enter 40
Step 14 Press N
Step 15 Press CPT
Step 16 Press FV
Future value $2,797,810

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